South Africa maintains a comprehensive and evolving legislative framework aimed at combating money laundering (ML), the financing of terrorism (FT), and other related financial crimes. The central pillar of this framework is the Financial Intelligence Centre Act 38 of 2001 (FICA), which was enacted to ensure the integrity of the country’s financial system and to align South African law with global anti-money laundering (AML) and counter terrorist financing (CTF) standards — particularly those set by the Financial Action Task Force (FATF).
Points Allocated:
3.5
Approval Number:
FPI24017736
CPD Category: Ethics and Practice Standards